GigaCloud Technology (NASDAQ: GCT – Get the Free Report ) is scheduled to announce its earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to post earnings of $0.71 per share for the quarter. GigaCloud Technology set its Q2 2024 guidance to EPS. Traders wishing to register for the company’s conference call can do so using this link.
GigaCloud Technology (NASDAQ: GCT – Get the Free Report ) last issued its earnings results on Thursday, May 9th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.33. The business had revenue of $251.08 million for the quarter, compared to analyst estimates of $235.00 million. GigaCloud Technology had a net margin of 12.74% and an equivalent return of 41.24%. During the same period last year, the company posted earnings of $0.39 per share. On average, analysts expect that GigaCloud Technology will post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
GigaCloud Technology Stock Performance
Shares of NASDAQ:GCT opened at $25.56 on Friday. The firm has a market cap of $1.04 billion, a PE ratio of 9.95 and a beta of 1.82. The firm’s 50-day moving average is $30.27 and its 200-day moving average is $31.40. GigaCloud Technology has a one year low of $6.71 and a one year high of $45.18.
Changes in auditor standards
Several businesses have entered the GCT. Lake Street Capital assumed coverage on shares of GigaCloud Technology in a research note on Monday, July 29th. They issued a “buy” rating and a $50.00 target price for the company. Maxim Group initiated coverage on shares of GigaCloud Technology in a report on Wednesday, May 22nd. They issued a “buy” rating and a $69.00 price objective for the company.
Find our latest Research Report on GigaCloud Technology
Insiders Place Their Badges
In related news, CEO Lei Wu sold 62,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $38.77, for a total amount of $2,403,740.00. Following the completion of the sale, the chief executive officer now owns 409,816 shares in the company, valued at $15,888,566.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be found on the SEC website. In related news, CEO Lei Wu sold 62,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $38.77, for a total amount of $2,403,740.00. Following the completion of the sale, the chief executive officer now directly owns 409,816 shares in the company, valued at $15,888,566.32. This process was revealed in a legal report with the SEC, which is available on the SEC’s website. Also, COO Xinyan Hao sold 282,545 shares of the business’s stock in a transaction on Monday, May 13th. The stock traded at an average price of $36.10, for a total sale of $10,199,874.50. Following the transaction, the chief operating officer now directly owns 854,941 shares in the company, valued at $30,863,370.10. Information on this sale can be found here. Over the last three months, insiders have sold 1,126,779 shares of company stock valued at $39,198,327. Insiders own 43.00% of the company’s stock.
GigaCloud Technology Company Profile
(Get a Free Report)
GigaCloud Technology Inc provides end-to-end B2B ecommerce solutions for large package shipments in the United States and internationally. The company’s GigaCloud Marketplace combines product discovery and payments on hardware devices in one easy-to-use platform. Its marketplace connects mainly Asian manufacturers with retailers in the United States, Asia and Europe to make cross-border deals across furniture, home appliances, fitness equipment and other major packaging categories.
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